NEW MADRID, Mo. — Pioneer Hi-Bred executives broke ground May 17 on a $55 million parent and commercial soybean seed production plant in New Madrid County, Mo.
Missouri Gov. Jay Nixon participated in the event.
The new plant is located on 129 acres of land in New Madrid County. Initial operation is expected to begin fall 2011 after construction is completed.
The new plant is expected to employ approximately 50 people once it is fully operational.
The new plant will primarily serve soybean growers in more southern geographies in the United States. Pioneer also has a research facility in Miami, Mo., as well, selling corn, soybean, sorghum and wheat seed in the state.
Pioneer is expanding both its production and research locations in North America. In recent months, Pioneer has announced plans for new research facilities and space for 400 new research positions based in Johnston, Iowa; the Center for Dryland Research in eastern North Carolina; expansion of its research facilities in Union City, Tenn.; expansion of drought research in Manhattan, Kan., and Plainview, Texas; a new research center in Ithaca, Mich.; and expansion at Hermiston, Ore.
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